Commercialization of IP

– YOU OWN IT, WE PROTECT IT! –

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Commercialization of IP is about bringing your idea from concept to market and creating money. In order to ensure that you are maximizing your earning potential, you must consider the research and development phase of the process and have a clear understanding of who owns the IP and who stands to benefit from it. During this initial phase, the ownership of the IP is often forgotten and budgets are spent on the creation of the idea and not the protection of it. This is particularly true of startup companies and projects consisting of researchers, specialists, and outsourced contractors. Once the product launches and money is pouring in, it is often too late to fix any issues with ownership of the IP. Ensuring that proper protections and ownership are in place is vital to maximize the earning potential of your idea.